First, a disclaimer: I'd been away from the fantasy genre for quite a while when I picked up this book on a whim recently. I used to be a big fan of the Dragonlance world, and perhaps I was expecting too much. But compared to how some of those early tales really affected me, this one just fell flat.
While the main character, I think, was fairly well developed, all of the critical plot developments were telegraphed from MANY miles away (especially the traitor in Lord Bight's midst). The subplot about the bronze dragon, too, seems thin and easy to guess.
Another thing that I disliked was the way the Solamanic Order was portrayed. In all of the other books I read, I gained a healthy respect for the order... in this one, I was forced to question their motives and simply wasn't given a good reason why they were doing what they were.
Luckily, after reading this I picked up the great Magehound by Eileen Cunningham, which gave me faith in the genre once again!